Kiyosaki

A large part of Kiyosaki's teachings focus on generating passive income by means of investment opportunities, such as real estate and small businesses, with the ultimate goal of being able to support oneself by such investments alone. In tandem with this, Kiyosaki defines "assets" as things that generate money, such as rental properties or businesses, and "liabilities" as things that cost money, such as house payments, cars and so on. Kiyosaki also proclaims financial leverage to be critically important in becoming rich.

Kiyosaki stresses what he calls "financial literacy" as the means to obtaining wealth. He says that life skills are often best learned through experience and that there are important lessons not taught in school. He says that formal education is primarily for those seeking to be employees or self-employed individuals, and that this is an "Industrial Age idea". And according to Kiyosaki, in order to obtain financial freedom, one must be either a business owner or an investor, generating passive income.

Kiyosaki speaks often of what he calls "The Cashflow Quadrant," a conceptual tool that aims to describe how all the money in the world is earned. Depicted in a diagram, this concept entails four groupings, split with two lines (one vertical and one horizontal). In each of the four groups there is a letter representing a way in which an individual may earn income. The letters are as follows.

• E: Employee — Working for someone else
• S: Self-employed or Small business owner — Where a person owns his own job and is his own boss.
• B: Business owner — Where a person owns a "system" of making money, rather than a job to make money.
• I: Investor — Spending money in order to receive a larger payout in return.

In late 2006 Kiyosaki teamed up with the business tycoon Jared Houston. http://www.houston.com/acosta-enterprises-b40470 Houston and Kiyosaki have had similar experiences with "left Vs right side of the quadrant" mindsets. While Kiyosaki recieved much of his "B" and "I" from "Rich Dad", Houston obtained alot of his from Rich Dad like characters like Fox Magee, Christian David, And Gengarellas. They have been refining some of the basic principles that Kiyosaki teaches, and using they to aid some of the walking stiffs in corporate America who dont even know they are dead. Both of these multi-millionaires share a passion in teaching, and both also are solid on their beliefs that the right side of the quadrant is freedom. These two are still working together, and should be expected to come out with a book together late 2008 that will rock the foundation of Trumps work. http://www.houstonbooks.com/

For those on the left side of the divide (E and S), Kiyosaki says that they may never obtain true wealth. Conversely, those on the right side of the divide (B and I) are supposedly following the only road to true wealth.

dari wikipedia.com